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Search Results 0 to 6 of about 7 (some duplicates have been removed)
and the white house work out a deal to stop the highly controversial sequester. many including president obama say if the sequester goes through will spell disaster from the national defense and food safety and affect everything from the teacher tots air traffic controllerings. others say the cuts might be just what the country needs. molly is joining us with more. >> it appears each side is digging in. there are overt sign there are deal. president obama said today that there is it time for congress to come to a deal that he would sign provided that it incluppeds more tax increases to go along with the spending cuts. >> they can pass a balanced plan for deficit reduction and cut spending in a smart way and cloyce loop holes for the well and it appears unfortunately that republicans in congress instead of compromising and instead of asking . wilthiest americans they want the cut to fall squarely on the class - middle class. >> the gingof this year - beginning of year they allowed the cuts. the gop said no more tax hikings but will make a deal on spending cuts. >> house republicans passed two b
and expanding the tax base. >> president obama will be taking his message on the road next week to a virginia shipbuilding operation. virginia, with its massive defense industry, would be hit hard by the spending cuts. arthel. >> molly henneberg live from washington. thanks. >> as the u.s. faces its own economic problem, britain's economy is facing a serious new setback. moody's, the credit rating agency, announced the first ever downgrade of the u.k.'s pristine credit rating by a notch, blaming weak growth and political turmoil for throwing its deficit reduction plan off course. david ram con says he has full confidence in his finance minister, george osborne, despite criticism that their debt strategy is failing to deliver, britain now joining the u.s. and france in having lost its triple a rating from at least one major agency. >>> serious new concerns out of iran asment country's powerful revolutionary guard begins new military exercises, at the same time iranian scientists announcing plans to build at least a dozen more nuclear power plants. conner powell has more from our middle east bu
, and possibly a new secretary of defense, the obama administration wants a diplomatic success, quote/unquote, which you can achieve by giving into your adversary's position. >> they say the democratic mat tick could be a success. you mentioned john kerry embarking on this trip. what do you think he'll propose on the trip in dealing with the nuclear issue? >> i'm worried what will happen is by legit myselfing the iranian program you increase the risk iran will get to nuclear weapons very quickly. the example of north korea, we've seen their third nuclear test within the past days. that once you get to a certain point, people begin to accept that you are a nuclear power. that's what the north north kors have counted on in the face of stiffer sanctions imposed. the lesson for iran is keep plugging ahead and they'll overcome the west's opposition. once that happens, everything in the middle east changes. >> you've raise add great point, the sanctions against north korea have been much stronger than tehran. they've had three tests already. >> yeah, look, the sanctions against iran are hav
. it looks like all the incentive for obama, after they are saying the world's going to come to an end and running around with their hair on fire, they better make this as bad as they can make tinstead of managing it for the least effect, when have you a 21% increase in the payroll for civilians at the defense department, why do you talk about cutting back aircraft carriers? there is a real fear in my mind that the administration's political agenda is, try to make this look as bad as it can, where everybody else has ever been faced with this, try to do the least impact possible because it is not a big number. sequester's a bad system. that's not the right way to do it. but look, it was obama's idea -- >> shannon: which he says it wasn't. but jack lew, the idea allegedly bubbled through him. but the president will say that congress came up with tthey have to solve it. >> the fact of the matter is -- i don't want to say the truth, it was the white house's idea. the other important fact is in the last year, republicans in the house have twice passed legislation to do away with the sequest
Search Results 0 to 6 of about 7 (some duplicates have been removed)